Using a panel of eight large emerging market economies from 1980 to 2015, this paper seeks to assess the causal linkages between government size, unemployment, and inflation. Overall, our results suggest that the government size is positively associated with both unemployment and inflation. The Granger causality runs from the government size to unemployment and to inflation. From our analysis, two aspects stand out. First, the effects of government size on unemployment and inflation depend essentially on how the government size is measured. As long as government consumption spending is considered as the proxy measure of the government size, the government size is significantly and positively correlated with unemployment, and with inflation. Second, indirect taxes, like government consumption spending, have a positive as well as statistically significant association with unemployment. However, the direct taxes solely exert a strong effect on inflation in the countries considered. ; info:eu-repo/semantics/publishedVersion
Using Federal Open Market Committee (FOMC) transcripts from 1960 to 2010, this paper examines the evolution of the Committee's approach to the inflation‐unemployment tradeoff. We find: (1) FOMC discussions have increasingly emphasized inflation relative to unemployment and (2) this shift occurred during the Volcker era and has continued even as inflation itself declined, with the result that the emphasis on inflation has become entrenched and disconnected from actual inflation. Finally, we create an expanded Taylor Rule that includes these FOMC discussions and find that the increased emphasis on inflation is positively correlated with the federal funds rate. (JEL E5, E4, E6)
Marcais, Benoit/0000-0002-8107-644X; Jung, Thomas/0000-0003-2034-0718; Jung, Marilia Horta/0000-0003-2219-8647; Corcobado, Tamara/0000-0001-5762-4728; Lyubenova, Aneta/0000-0001-7414-1808; Pastircak, Martin/0000-0001-5118-9518; Pastircakova, Katarina/0000-0003-0371-428X; Fort, Tomas/0000-0002-4186-0918; Oskay, Funda/0000-0002-8918-5595; Oliva, Jonas/0000-0003-2418-2542; FORT, Tania/0000-0001-6998-5985; Kiss, Levente/0000-0002-4785-4308; Iturritxa, Eugenia/0000-0002-6390-5873; Aday Kaya, Ayse Gulden/0000-0002-5631-6026; Nave, Corina/0000-0003-2290-8282 ; WOS:000452564900005 ; The spatial distribution and niche differentiation of three closely related species (Erysiphe alphitoides, Erysiphe quercicola and Erysiphe hypophylla) causing oak powdery mildew was studied at scales ranging from the European continent, where they are invasive, to a single leaf. While E. alphitoides was dominant at all scales, E. quercicola and E. hypophylla had restricted geographic, stand and leaf distributions. The large-scale distributions were likely explained by climatic factors and species environmental tolerances, with E. quercicola being more frequent in warmer climates and E. hypophylla in colder climates. The extensive sampling and molecular analyses revealed the cryptic invasion of E. quercicola in nine countries from which it had not previously been recorded. The presence of the three species was also strongly affected by host factors, such as oak species and developmental stage. Segregation patterns between Erysiphe species were observed at the leaf scale, between and within leaf surfaces, suggesting competitive effects. (C) 2018 Elsevier Ltd and British Mycological Society. All rights reserved. ; Conseil Regional d'AquitaineRegion Nouvelle-Aquitaine [20030304002FA, 20040305003FA]; European Union FEDEREuropean Commission [2003227]; Investissements d'AvenirFrench National Research Agency (ANR) [ANR-10-EQPX-16-01]; European BiodivERsA project "RESIPATH: Responses of European Forests and Society to Invasive Pathogens"; Portuguese Science and Technology FoundationPortuguese Foundation for Science and Technology [BIODIVERSA/0002/2012, ANR-13-EBID-0005-01]; ANR (France)French National Research Agency (ANR) [ANR-13-BSV7-0011]; Japan Society for the Promotion of ScienceMinistry of Education, Culture, Sports, Science and Technology, Japan (MEXT)Japan Society for the Promotion of Science [16K07613, 16F16097]; Slovak Research and Development AgencySlovak Research and Development Agency [APVV-15 0210] ; We thank Adrien Bolay, Caroline Gordon, Banga Grigaliunaite, Gabriela Juhasova, Vasyl Heluta, Seyed Akbar Khodaparast, Eleni Topalidou, Gy-ongyver Nagy, and all other collectors, for providing samples. Part of the analyses were performed at the Genome Transcriptome Facility of Bordeaux (grants from the Conseil Regional d'Aquitaine no 20030304002FA and 20040305003FA, from the European Union FEDER no 2003227 and from Investissements d'Avenir ANR-10-EQPX-16-01). Funding was obtained through the European BiodivERsA project "RESIPATH: Responses of European Forests and Society to Invasive Pathogens" co-financed by national funds (ANR-13-EBID-0005-01 for France, Portuguese Science and Technology Foundation Ref. BIODIVERSA/0002/2012). Other grants came from the ANR (France) Funfit project (ANR-13-BSV7-0011), the Japan Society for the Promotion of Science Grant-in-Aid for Scientific Research (Nos. 16K07613 and16F16097), and the Slovak Research and Development Agency under the contract No. APVV-15 0210.
